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Vodafone and Ziggo announced their intention to merge in Netherlands
Vodafone and Ziggo have announced their intention to merge their Dutch divisions. The companies aim for this joint venture, both of which will own half, as both companies announced Monday night.
The merger allows the joint venture to existing Vodafone customers Ziggo services sales, while Ziggo customers easier access to the mobile services from Vodafone, put both companies. The companies are not legally together, but will only work in a newly formed company up.
The shareholders of both companies do not have to agree, but relevant supervisors have to give permission. Ziggo’s parent company Liberty Global and Vodafone expect that the joint venture could start late 2016.
The joint venture is the second major change in Dutch cable companies in a short time. Liberty Global recently added UPC and Ziggo all together. With the joint venture, both companies will mainly compete to deal with KPN, which can offer a combination of mobile and fixed services since many years. There is no known name for the joint venture.Viewing:-213
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